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Dec 22, 2012
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thanks. >>> for more on what going over the so-called fiscal cliff could mean for you and your family come the new year we want to bring in the "today" show financial editor. a lot of focus has been on the expiring bush era tax cuts. let's talk about the amount of money that comes out of your weekly or monthly paycheck. how will that change? >> reporter: the other thing that is expiring is the payroll tax holiday. that is very likely to go whether or not we get a deal. for americans who earn about $30,000 a year, that's going to mean a cut of $50 a month, $500 over the course of the year in their pay checks. for those who earn closer to $50,000 we're looking at a thousand dollars over the year and if you earn closer to $100,000 it's $2,000 throughout the year. >> let's talk about those expiring tax cuts. if congress doesn't act, how much of a bite is that going to take from the average american? >> well, as the man said in the piece, on average it is going to take about a $3500 bite for the average american. but it is going to take more from upper earners so if you earn more than a mi
thanks. >>> for more on what going over the so-called fiscal cliff could mean for you and your family come the new year we want to bring in the "today" show financial editor. a lot of focus has been on the expiring bush era tax cuts. let's talk about the amount of money that comes out of your weekly or monthly paycheck. how will that change? >> reporter: the other thing that is expiring is the payroll tax holiday. that is very likely to go whether or not we get a deal....
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Dec 22, 2012
12/12
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kristen welker in hawaii, thank you for that. >>> joining me for more on the fiscal cliff negotiations is john yarmouth. welcome, thank you. glad to have you back on the show. >> thank you. >> president obama still thinks a deal can be reached, but speaker boehner had a pretty tough defeat when republicans balked at the plan to raise rates of those making over $1 million. where do you put the chances of a deal being reached before january? >> i don't think they are very high. the more likely scenario, rates will go up automatically on january 1st, and we discussed earlier on the program, that we'll meet early next year and cut taxes of 98% of american people, slightly more than that. but there is an outside chance, and one scenario in which the president and speaker boehner negotiate a deal, and it's a deal that most democrats can accept, instead of a majority of the republicans in the house, 40 or 50 of them vote with democrats to avert the fiscal cliff on the tax side, but that jeopardizes speaker boehner's job. he would be driving the bus over his most conservative members. >> if th
kristen welker in hawaii, thank you for that. >>> joining me for more on the fiscal cliff negotiations is john yarmouth. welcome, thank you. glad to have you back on the show. >> thank you. >> president obama still thinks a deal can be reached, but speaker boehner had a pretty tough defeat when republicans balked at the plan to raise rates of those making over $1 million. where do you put the chances of a deal being reached before january? >> i don't think they are...
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Dec 22, 2012
12/12
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and that's before we talk about the rest of the fiscal cliff implications. >> that's why we're paying such close attention to it. thank you very much for the update this morning. >>> it took a week, but the nra finally responded to the massacre in newtown, connecticut. they promised a, quote, meaningful contribution to stop similar attacks. protesters interrupted the statement twice. what's the plan for the nra? armed guards in schools. why? listen. >> politicians pass laws for gun-free school zones. they issue press releases bragging about them. they post signs advertising them. and in doing so, they tell every insane killer in america that schools are the safest place to inflict maximum mayhem with minimum risk. >> now, i want to show you some of the reactions to the nra's message. michael bloomberg has been critical of the president and congress for not tackling this subject earlier. so what did he say about the nra's plea? quote, a shameful evasion of the crisis facing our country. >>> connecticut congressman chris murphy represents newtown. and here's his tweet after that nra spe
and that's before we talk about the rest of the fiscal cliff implications. >> that's why we're paying such close attention to it. thank you very much for the update this morning. >>> it took a week, but the nra finally responded to the massacre in newtown, connecticut. they promised a, quote, meaningful contribution to stop similar attacks. protesters interrupted the statement twice. what's the plan for the nra? armed guards in schools. why? listen. >> politicians pass laws...
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Dec 22, 2012
12/12
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thank you so much for your time. >> thank you. >>> here's one take on the fiscal cliff. john boehner's animal house. we are bogey to talk to "the washington post" writer who says in boehner's house the animals are rampaging. what's that mean? we will have an answer for you in the next half hour. >>> nasty weather is lingering just before christmas. aaa predicts 93 million of us will be traveling long distances over the holidays. that includes those that are flying. with a hello to you. how is it looking out there? not too bad in terms of traffic behind you. >> that's exactly right. good afternoon. it isn't too bad. here chilly but sunny and no problems to report in atlanta. most major airports throughout the country are run okay. one exception may be san francisco. bus there were rain delays there earlier today. but -- traffic slowing down a few of the other airports. according to flight aware.com so far only about 70 nights cancelled in the u.s. so far today. that's a big difference from thursday and provide when that storm blew through the plains and midwest and the no
thank you so much for your time. >> thank you. >>> here's one take on the fiscal cliff. john boehner's animal house. we are bogey to talk to "the washington post" writer who says in boehner's house the animals are rampaging. what's that mean? we will have an answer for you in the next half hour. >>> nasty weather is lingering just before christmas. aaa predicts 93 million of us will be traveling long distances over the holidays. that includes those that are...
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Dec 22, 2012
12/12
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. >> jamie: thanks for the roundup. >> kelly: how will the looming fiscal cliff crisis affect you? well, if congress fails to reach a deal the beginning of the new year, those making between 40,000 and $50,000 a year will see an average tax increase of more than $1700. those making between 100,000 and $200,000 a year will see an average increase go even steeper of more than $6500 and the average tax increase of those with an annual income of more than 1 million dollars would jump to more than $250,0 $250,000. >> jamie: just the increase? wow. well, new report says that we could be in store for a really nasty flu season. it's already happening in many states, but a recently approved medication, is it safe for everyone? dr. david somati weighs in on that. >> kelly: a horror for a mother after a shopping cart carrying her infant son rolls into traffic. how it ended next. >> and giving back through the gift of music. ♪ >> coming up, some of nashville's biggest stars are helping those most in need this holiday season. questions? anyone have occasional constipation, diarrhea, gas, bloa
. >> jamie: thanks for the roundup. >> kelly: how will the looming fiscal cliff crisis affect you? well, if congress fails to reach a deal the beginning of the new year, those making between 40,000 and $50,000 a year will see an average tax increase of more than $1700. those making between 100,000 and $200,000 a year will see an average increase go even steeper of more than $6500 and the average tax increase of those with an annual income of more than 1 million dollars would jump to...
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Dec 22, 2012
12/12
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thank you. >> hopefully. >> thank you. >> some democrats actually want to go over the fiscal cliff. one of them this guy. >> and then we're going to washington, d.c. to take back the white house! yay! >> howard dean's controversial proposal when we come back. >> that wasn't it. then, a u.p.s. driver does his last minute christmas shopping on a customer's front porch. >> that's a great place to do it. >> it is handy. >> why didn't we think of that. >> we have got this video he to show you. >> the myans were wrong. the doomsday believers are wrong. these people are mortified. how do you cheer these people up you can't say bob, it's not the end of the world. [ laughter ] >> that didn't happen. >> that was supposed to end yesterday, right? >> yeah. >> here we are. >> good thing we are here. >> wow! >> wake up. the world did not end. >> how many children will be born in nine months. >> storm babies. hey, we had a hurricane irene baby. is that tmi? at least we're not live on television right now. welcome back to "fox & friends" this morning. >> let's talk about the fiscal cliff. of course
thank you. >> hopefully. >> thank you. >> some democrats actually want to go over the fiscal cliff. one of them this guy. >> and then we're going to washington, d.c. to take back the white house! yay! >> howard dean's controversial proposal when we come back. >> that wasn't it. then, a u.p.s. driver does his last minute christmas shopping on a customer's front porch. >> that's a great place to do it. >> it is handy. >> why didn't we think of...
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Dec 22, 2012
12/12
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a deal with the democrats, but he has a plan b fiscal cliff proposal and let's bring in jonathan allen and third way resident fellow bill schneider. i want to start with you. you wrote an article titled revenge of the purged, and you basically were saying in your article, jonathan, that the three amigos that spooker boehner stripped out of their positions and we see them on the screen, what beef did they have? was it simply because they were stripped of their titles? >> look, i think there's a fundamental divide between them and not only speaker boehner with a lot of the republican conference. these guys lost their assignments voting against republicans a lot, but also members of the republican steering committee that led the committee led by speaker boehner have basically said that these guys have gone to another level of trying to hurt the team over the last couple of years and that's why they lost their community assignments and there were profane words used to the way they comport themselves and as a result these guys were free of any tether to the leadership and so not only were t
a deal with the democrats, but he has a plan b fiscal cliff proposal and let's bring in jonathan allen and third way resident fellow bill schneider. i want to start with you. you wrote an article titled revenge of the purged, and you basically were saying in your article, jonathan, that the three amigos that spooker boehner stripped out of their positions and we see them on the screen, what beef did they have? was it simply because they were stripped of their titles? >> look, i think...
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Dec 22, 2012
12/12
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and aside from the fiscal cliff, the battle in washington could hit you, the price of milk, higher. we'll explain.
and aside from the fiscal cliff, the battle in washington could hit you, the price of milk, higher. we'll explain.
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Dec 22, 2012
12/12
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boehner's plan b gimmick failed big time last night at this point a fiscal cliff deal with boehner's members would probably require divine intervention. >> how we get there, god only knows. but all i've done is -- eric and i and our team here are committed to working with our colleagues on both sides of the aisle, both sides of the capitol and the white house to address it. >> after a day with dealing with humiliation, boehner hit the gavel and sent his members home for the holidays. there will be no deal this weekend. then boehner took the walk of shame out of the capitol. it's unclear whether he will be the speaker in the new year. it was the same sad walk many house members took last night when they couldn't get their own folks to vote on boehner's plan b. republican leaders can't strike a deal with their own members. how will they strike one with the president of the united states? boehner was scrambling for excuses today. >> you know, one of my colleagues the other night had an analogy of 100 people drowning in a pool and that he was a lifeguard. and because he couldn't save any
boehner's plan b gimmick failed big time last night at this point a fiscal cliff deal with boehner's members would probably require divine intervention. >> how we get there, god only knows. but all i've done is -- eric and i and our team here are committed to working with our colleagues on both sides of the aisle, both sides of the capitol and the white house to address it. >> after a day with dealing with humiliation, boehner hit the gavel and sent his members home for the...
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Dec 22, 2012
12/12
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i do believe we need to go over the fiscal cliff to. coming up and having to do a deal at the end of every year is getting old because everybody is rush. what we need to do is it that, let us go over the fiscal cliff, put a temporary hold on everything and let these guys see if they can work out a deal. so far, they have not been able to do it for the last four years. i do believe we need to say -- stay at 18%-20% gdp. as far as cuts, we have really never got in because we were supposed to. that is just like the sequestered. that was passed in 2011. they are still working on the cuts. most of the cuts are based on the increase is built into the baseline. when we do cuts, we need to go back to a zero baseline. host: we will leave it there. stephen dinan. guest: your callers are incredibly a form of this. host: we have a sharp plunge out there. -- bunch out there. guest: president, says his plan will produce x billions of dollars more than boehner's plan. both of them are talking about increased deficits over the baseline. they are talkin
i do believe we need to go over the fiscal cliff to. coming up and having to do a deal at the end of every year is getting old because everybody is rush. what we need to do is it that, let us go over the fiscal cliff, put a temporary hold on everything and let these guys see if they can work out a deal. so far, they have not been able to do it for the last four years. i do believe we need to say -- stay at 18%-20% gdp. as far as cuts, we have really never got in because we were supposed to....
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Dec 22, 2012
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we will ask what's the deal with the fiscal cliff? coming up, "weekends with alex witt."
we will ask what's the deal with the fiscal cliff? coming up, "weekends with alex witt."
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Dec 22, 2012
12/12
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. >> thanks lon. >>> now to the fiscal cliff. the combination of tax hikes and across the board spending cuts that no one wants to have happen. the president seems to be sticking with his plan and congress seems to be in disarray. time is running out. the time is january 1st just ten days away. nancy cordes has the latest on the negotiations. >> reporter: shortly before he left for hawaii president obama urged congressional leaders to address a smaller plan to avert the fiscal cliff because his talk with speaker boehner on a smaller deal have stalled. >> i met them halfway on taxes, and i met them more than halfway on spending. >> reporter: that was not speaker boehner's take earlier in the day. >> what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending and more tax hikes that will hurt our economy. >> reporter: but boehner's position was weakened after he tried but failed to pass his own plan in the house. >> as you know the house did not take up the tax bill last nig
. >> thanks lon. >>> now to the fiscal cliff. the combination of tax hikes and across the board spending cuts that no one wants to have happen. the president seems to be sticking with his plan and congress seems to be in disarray. time is running out. the time is january 1st just ten days away. nancy cordes has the latest on the negotiations. >> reporter: shortly before he left for hawaii president obama urged congressional leaders to address a smaller plan to avert the...
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Dec 22, 2012
12/12
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thank you all very much. >> the fiscal cliff proposals in the house and senate. the majority leader said that the house should take up legislation taken up by the senate. this is about 15 minutes. >> without democrat and republican votes, which means any solution will have to ask the most fortunate to pay a little bit more to reduce our deficit and insure that it does not take our nation to the brink of default. nothing that has passed the house of representatives meets that test. nothing. president obama and speaker boehner. poised to strike a grand bargain a couple of days ago. we have heard that before. instead of making -- instead of making our dresses about compromise, the speaker retreated to his corner and resorted to political stunts. that is done, and fell flat. it is time for the speaker and all republicans to return to the negotiating table. we have never left. it is time for republicans to work with us to find a middle ground. it is the only hope of averting the devastating impact of the fiscal cliff. the fiscal cliff needs to be avoided. in the meant
thank you all very much. >> the fiscal cliff proposals in the house and senate. the majority leader said that the house should take up legislation taken up by the senate. this is about 15 minutes. >> without democrat and republican votes, which means any solution will have to ask the most fortunate to pay a little bit more to reduce our deficit and insure that it does not take our nation to the brink of default. nothing that has passed the house of representatives meets that test....